USD/JPY: Dollar rally capped at 98.40/55 level

FXstreet.com (Barcelona) - Dollar recovery from 97.10 low yesterday has capped at 98.40/55 resistance level, at least momentarily, and the pair has set back slightly reaching levels around 98.25

On the way down support levels remain at 98.00, intra-day level around 97.50, and below there 97.00/96.85. Once below here, next support lies at 96.55.

On its way up, a successful move above 98.40/55 (25 Mar high) could open the doors towards 98.85/99 (Mar 17 high) if the Dollar jumps above here, 99.70 (Mar 5 high) will be on sight.

EUR/JPY has broken resistance level at 133.30 during the European session, and the Euro advances around 1.3370 on its way towards 134.50. Reaching above here, the Euro will get to a fresh 5-month high.

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